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Dec 27, 2012
12/12
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KRCB
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so some people are giving more and deciding "i'm going to get the tax break now and do it while it's a good thing for sure" and some people are putting off the decision deciding they isle give more later. so we're seeing a mixed bag but it's a tough time because this is the time of year when most people are doing a lot of charitable giving. >> ifill: let me get your name right this time, jackie, and ask you about federal employees. they are affected by this. there are furloughs, cutbacks, tell me what people are thinking. >> well, federal employees are in the unuely bad position of facing peril regardless of whether there's a deal. or whether sequestration and the fiscal cliff occurs. >> ifill: the across-the-board cuts. why does it work that way? >> in the event no deal is made and we do have the automatic cuts known as sequestration starting in january, federal employees face job loss and in some situations-- certainly in the department of defense-- but throughout the federal government people will be furloued, forced to take unaid days o, anywhere from 20 to 50 days. we really don
so some people are giving more and deciding "i'm going to get the tax break now and do it while it's a good thing for sure" and some people are putting off the decision deciding they isle give more later. so we're seeing a mixed bag but it's a tough time because this is the time of year when most people are doing a lot of charitable giving. >> ifill: let me get your name right this time, jackie, and ask you about federal employees. they are affected by this. there are furloughs,...
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Dec 31, 2012
12/12
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WRC
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property taxes have gone down. yaem time we have an influx of residents. >> number one, baby. >> reporter: fans were stocking up on gear. so you drove to prince georges from montgomery to shop at the store? >> yes, i did. >> reporter: hotels near the stadium are already booking up. it's all giving county residents who are skins fans one more reason to celebrate. >> i actually was at the last playoff game we have here in '99. just exciting to have the excitement back in d.c. and economy and money coming back. >> reporter: i asked county officials where is the parade going to be? in prince george's county? or happen in d.c.? they said, they have to work all of that out. in prince george's county, i'm tracee wilkins, news4. >>> that parade vision in my head now. >> you can see it. >>> dan hellies joinses with a look at what's coming up in sports. >>> hey, we're talking all things redskins after that huge wince against the cowboys and looking ahead, to what the redskins will face on sunday. [ male announcer ] now at yo
property taxes have gone down. yaem time we have an influx of residents. >> number one, baby. >> reporter: fans were stocking up on gear. so you drove to prince georges from montgomery to shop at the store? >> yes, i did. >> reporter: hotels near the stadium are already booking up. it's all giving county residents who are skins fans one more reason to celebrate. >> i actually was at the last playoff game we have here in '99. just exciting to have the excitement...
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Dec 31, 2012
12/12
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CNBC
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those are the basics on middle class taxes. on estate tax, from 35 to 40%. the question is going to be, can they solve the sequester problem and sell it to members in both parties? get it through senate on bipartisan vote? in effect force john boehner to put it on the floor in which parties tell me it would pass. >> that is then the critical issue, is it not? we heard earlier on with the deputy for dop in the house is a must. details are in private and no one was talking to them. would the deal get passed in the house? >> i think it could. we have been talking to republicans who say they think a deal from the senate will pass in the house but pass with democratic and republican votes. he think speaker boehner will put it on the floor and folks are telling me that but that said, you never know until you know and that's why they have the whip operations. they are counting nos very carefully to find out how many liberal democrats and republicans they can lose on either side to have coalition votes in the middle. that's the real trick. some have been optimistic
those are the basics on middle class taxes. on estate tax, from 35 to 40%. the question is going to be, can they solve the sequester problem and sell it to members in both parties? get it through senate on bipartisan vote? in effect force john boehner to put it on the floor in which parties tell me it would pass. >> that is then the critical issue, is it not? we heard earlier on with the deputy for dop in the house is a must. details are in private and no one was talking to them. would...
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Dec 28, 2012
12/12
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can quickly help figure the like on middle-class taxes and later claim they voted to cut taxes. steve handelsman, news4, capitol hill. >>> some frightening moments in a d.c. neighborhood today after a stolen car slams into a metro bus. this was the scene around 10:00 this morning. it's at wheeler road and southern avenue near the aspirin georges county line. police tell us this stolen nissan maxima was stealing when it hit the bus head-on. it narrowly missed a woman and her baby. we're told the suspects allegedly went on a crime spree snatching purses from people at gas stations right before this violent crash. >> i heard this big boom. i didn't think nothing of it. then i heard the sirens. >> reporter: what did you see? >> police cars, this car, the metro bus. >> the bus driver and passengers received minor injuries. the three suspects inside that car are now in custody. coming up tonight at 5:00, jackie bensen speaks with one of the purse-snatching victims. >>> still a lot of unanswered questions in a crash on the beltway that killed three people on christmas eve. the crash sh
can quickly help figure the like on middle-class taxes and later claim they voted to cut taxes. steve handelsman, news4, capitol hill. >>> some frightening moments in a d.c. neighborhood today after a stolen car slams into a metro bus. this was the scene around 10:00 this morning. it's at wheeler road and southern avenue near the aspirin georges county line. police tell us this stolen nissan maxima was stealing when it hit the bus head-on. it narrowly missed a woman and her baby. we're...
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Dec 26, 2012
12/12
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if they're not going to agree to a tax -- holding taxes down for those under a million dollars, they're definitely not dealing with $400,000 so, therefore, let's go back to the $250,000. i think that hurt them, boehner. i think that's why boehner is being controlled, unfortunately, by the right wing. i agree with bernie sanders. very sad. i believe that boehner's a good man and wants a deal done and impossible with these folks. >> the finger's not only pointed at the republicans and the tea party caucus but also to some democrats. here's one of your republican colleagues this morning. take a listen to what she said. >> sure. >> everything -- it's just about scoring political points and i know that the american people are tired of that. they're tired of all of us. i understand that. we just make -- used car sales men look good. that's the only group below us. we have to get our act together and prove to the american people that we can regain the trust that they once had in us and get the job done. >> yeah. the perception -- go ahead, please, congressman. looking at the can kicked down th
if they're not going to agree to a tax -- holding taxes down for those under a million dollars, they're definitely not dealing with $400,000 so, therefore, let's go back to the $250,000. i think that hurt them, boehner. i think that's why boehner is being controlled, unfortunately, by the right wing. i agree with bernie sanders. very sad. i believe that boehner's a good man and wants a deal done and impossible with these folks. >> the finger's not only pointed at the republicans and the...
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Dec 26, 2012
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gains tax. it's a bad time to move into apple. things like intel. something that the market beat up all year, you know, in the name of it being old world p.c. i think it -- push it to a point where the valuations are reasonable. stuff -- some of the utilities like s.o., aep, hit hard for tax reasons. when the new year starts, i think people will start moving back into those. i think there's things to buy. >> jim, it sounds like you're saying risk on as we approach january 1. i want to talk about the vix. i know that you watch that closely. we're watching it sitting under 20 now. not near the highs we saw when we were dealing with the debt ceiling debate. what's different about the fiscal cliff and what we were seeing then that's keeping the vix so low now? >> well, i think what it is is that the market's come to the realization that the budget thing is going to be clumsy. but at the end of the day, the fed is still prepared to inject more liquidity if things start to look bad. we have this push/
gains tax. it's a bad time to move into apple. things like intel. something that the market beat up all year, you know, in the name of it being old world p.c. i think it -- push it to a point where the valuations are reasonable. stuff -- some of the utilities like s.o., aep, hit hard for tax reasons. when the new year starts, i think people will start moving back into those. i think there's things to buy. >> jim, it sounds like you're saying risk on as we approach january 1. i want to...
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Dec 28, 2012
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with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make more than $250,000. the proposal known as plan b didn't work. it will remain to be seen if the smaller plan will. either way the countdown to the if you year could be very costly. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior white house staff will hold a conference call with some of the country's top business leaders within the half hour to brief
with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make...
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Dec 31, 2012
12/12
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president obama and senior senate republicans confirm a deal is in the works to prevent tax hikes as midnight. even if the senate were to pass it, sources on capitol hill say the house will not vote on it tonight. as far as the deal goes, nbc news has learned that both sides agreed to keep taxes at their current level for individuals who make up to $400,000 a year, or house december holds up to $450,000. mitch mcconnell says both sides are very close to an overall deal. >> let's pass the tax relief portion now. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement that's currently being discussed would raise those rates and raise them permanently. >> again even if the senate were to pass the deal tonight, the house does not plan to vote on it tonight, but that too could change. >>> does that technically mean we're going over the fiscal cliff? >> msnbc's luke russert is live to explain why some congressional aides are call it a fiscal slope and not necessarily a cliff. good evening
president obama and senior senate republicans confirm a deal is in the works to prevent tax hikes as midnight. even if the senate were to pass it, sources on capitol hill say the house will not vote on it tonight. as far as the deal goes, nbc news has learned that both sides agreed to keep taxes at their current level for individuals who make up to $400,000 a year, or house december holds up to $450,000. mitch mcconnell says both sides are very close to an overall deal. >> let's pass the...
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Jan 1, 2013
01/13
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KRON
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it will stay out of spending and keep the bush era tax cuts in place. harry reid says that their goal was to protect the middle class. >> middle-class families will wake up to make sure that the taxes will not go up by $2,200 each. there will be able to pay for rent, groceries, car payments. >> mitch mcconnell said that this agreement was in an effort to not let the middle class suffer. >> we all know that if we did not do anything these would be going up on everybody. we did not want to let that happen. >> the house will reconvene and take of that measure again. >> right now, they are gathering. we will let you know with in this hour. it's not just the fiscal cliff u- s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16- point-4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit funds for federal workers. but after that, the treasury will not be able
it will stay out of spending and keep the bush era tax cuts in place. harry reid says that their goal was to protect the middle class. >> middle-class families will wake up to make sure that the taxes will not go up by $2,200 each. there will be able to pay for rent, groceries, car payments. >> mitch mcconnell said that this agreement was in an effort to not let the middle class suffer. >> we all know that if we did not do anything these would be going up on everybody. we did...
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Jan 1, 2013
01/13
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KRON
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a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed. >> reporter: the senate approved a measure that puts off spending cuts for two months and keeps the tax cuts for individuals earning less than $400,000 and couples earning more than 450,000 there. the goal was to protect the middle class families. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. they can decide how they're going to pay for groceries, rent. >> we don't think taxes should be going up on anyone, but we all knew that if we did nothing, they would be going up on everyone today. we weren't going to let that happen. >> reporter:
a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed....
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Dec 28, 2012
12/12
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we should roll back the reagan tax cuts. tax cuts do not work. the bush tax cuts have been designed to be temporary. we have had no job growth due to the tax cuts. forbusinesses on the hook reinvesting their profits back into the businesses. thank you for taking my call. host: the story from "the washington times." host: other candidates that have been mentioned include the attorney general in massachusetts. he ran against scott brown and loss. congressman stephen lynch. name out of contention is ted kennedy, jr. he will not seek the seat. he was speculated to seek the seat of his late father. the decision to buck the dying inouye. senator daniel in a the swearing-in took place yesterday with joe biden. brian schatz becomes the senior senator with the new congress being formed on january the third. on the independent line -- jack on the independent line. caller: good morning. i bet a co-worker that we are going over the fiscal cliff. it is more of a slope than a cliff. it would be a year of complete in activity before we would see the real bite o
we should roll back the reagan tax cuts. tax cuts do not work. the bush tax cuts have been designed to be temporary. we have had no job growth due to the tax cuts. forbusinesses on the hook reinvesting their profits back into the businesses. thank you for taking my call. host: the story from "the washington times." host: other candidates that have been mentioned include the attorney general in massachusetts. he ran against scott brown and loss. congressman stephen lynch. name out of...
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Dec 27, 2012
12/12
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CNBC
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income taxes are not the only major issues here. we go over the cliff, the tax rate on most capital gains would go from 15 to 20%. dividends would now be taxed like regular income instead of capital ganls. the inheritance tax, that would go from 35% on estates over $5 million to 55% on estates over a million bucks. so a lot of implications here not just on regular income taxes. michelle. >> got it, jackie. good way to lay out the situation. investors acting on their fiscal cliff nerves. this is the first time since the dow has dipped. a deal has been priced in. a lot of people thought something was going to happen. harry reid said we're probably going over the cliff. check out the wall street fear index. they have spiked above 20 for the first time since july. if this is what we're facing, how much worse can the fall get? jackie laid it all out, right? the average individual will have a lot less money to spend and we are a consumer-driven economy. a lot of action down there on the floor. >> people excited. >> is the market acting in
income taxes are not the only major issues here. we go over the cliff, the tax rate on most capital gains would go from 15 to 20%. dividends would now be taxed like regular income instead of capital ganls. the inheritance tax, that would go from 35% on estates over $5 million to 55% on estates over a million bucks. so a lot of implications here not just on regular income taxes. michelle. >> got it, jackie. good way to lay out the situation. investors acting on their fiscal cliff nerves....
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Dec 28, 2012
12/12
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republicans say they are willing to compromise on taxes. but not on more government spending. they say they're waiting to see what democrats propose. >> see what the president has to propose. members on both sides of the aisle will review it. and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly, preventible economic crisis. >> the goal is still to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. some are saying the soonest a deal may come could wind up being january 3rd when the new congress takes over. reporting live in washington, i'm danielle lee. >> thank you, danielle. >>> millions of americans may watch the ball drop in times square, but a group of democrats is organizing its own ball drop on capitol hill. they will launch their countdown today. they say their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> going over the fiscal cliff could have
republicans say they are willing to compromise on taxes. but not on more government spending. they say they're waiting to see what democrats propose. >> see what the president has to propose. members on both sides of the aisle will review it. and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly, preventible economic crisis. >> the goal is still to get a deal before midnight monday. a...
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Dec 24, 2012
12/12
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KRON
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if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts and improvements in patient care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer than 30 hours a week. >> we will be right back. thousands of palestinians and international tourists are visiting bethlehem to visit christmas. and to celebrate-christmas. this is live at the we will be right back. >> watching wall street, this shorter trading day. they are open until just 1:00 p.m., not a lot to cheer about. with little in the news. there was a expected a lower opening. of the driving force was the fiscal cliff. expect low trading volume with wall street closing at 1
if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts and improvements in patient care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce...
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Dec 25, 2012
12/12
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CSPAN2
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he has turned jack kennedy's bills, civil-rights bill, tax cut bill, at least started all of them on the road to passage and january 8th is also the day of lyndon johnson's first state of the union speech. the speech in which he makes the presidency his own. with his announcement that america is going to have a war on poverty. if we don't know the man guido, not well enough known in history are wonderful. too many americans live on the outskirts of hope and that is his quote. that is who we have to help. the more detail you learn about how johnson did it, about what he did with congress and what he did to congress, the more amazing accomplishment seems. the civil-rights bill is dead -- if there was only one leader lyndon johnson is going to grab it. if there was one leader he was going to put all his weight behind it. all of a sudden the new york times writes something changed on capitol hill yesterday and the civil-rights bill starts to move. during this brief transition period, what i call "the passage of power" lyndon johnson not only rescued his predecessor's programs but launche
he has turned jack kennedy's bills, civil-rights bill, tax cut bill, at least started all of them on the road to passage and january 8th is also the day of lyndon johnson's first state of the union speech. the speech in which he makes the presidency his own. with his announcement that america is going to have a war on poverty. if we don't know the man guido, not well enough known in history are wonderful. too many americans live on the outskirts of hope and that is his quote. that is who we...
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. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
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Dec 28, 2012
12/12
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persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be in session until january 2nd. that's the day before the new congress is sworn in. boehner, meanwhile, still maintains that it's up to the senate at this point to make the first move. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say it is possible, though, this new terminology to step over if you will the
persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be in session until january 2nd. that's the day before the new congress is sworn in. boehner, meanwhile, still maintains that it's up to the senate at this point to make the...
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Dec 31, 2012
12/12
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CSPAN2
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joseph kennedy limited vancouver refused to pay the excise tax. and, you know, people have said, oh, there's the proof, there's the smoking gun. well, i found this kennedy. i looked at the business records and the tax records and the business directories in vancouver, and i discovered that it's david joseph kennedy who lived in vancouver, had been born in vancouver, died in vancouver. not my joe kennedy. so, no, no bootlegging of any sort. here or and then we'll go across. >> could you talk a bit about the relationship between joe kennedy and his son john and to what extent john kennedy knew of his father's relationships with multiple women and whether that influenced him to follow that same path? [laughter] >> yes. [laughter] yes. and i think that there are no kennedys in the audience here, are there? [laughter] i think jack was much more predatory even than his father was. joe kennedy spent his -- joe kennedy and rose had an arrangement much like rose's father had had an arrangement with rose's mother that i don't embarrass you, and i do whateve
joseph kennedy limited vancouver refused to pay the excise tax. and, you know, people have said, oh, there's the proof, there's the smoking gun. well, i found this kennedy. i looked at the business records and the tax records and the business directories in vancouver, and i discovered that it's david joseph kennedy who lived in vancouver, had been born in vancouver, died in vancouver. not my joe kennedy. so, no, no bootlegging of any sort. here or and then we'll go across. >> could you...
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Dec 25, 2012
12/12
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CSPAN2
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joseph kennedy limited from vancouver refuse to pay the excise tax. people say there's the proof. there's a smoking gun. i looked at the business record the business directories in vancouver and discovered that it's david joseph kennedy who said in vancouver, have been born in vancouver, so no, no bootlegging of any sort. here and the local press. >> as you talk about the relationship between joe kennedy and his son john and to what extent john kennedy knew of his father's relationships multiple women and whether that influenced him to follow that same path. >> yes. [laughter] yes and i think there is no kennedys the audience. i think jack was much more predatory even than his father was. joe kennedy spent his -- joe kennedy had an arrangement muchly proves his father that i don't embarrass you and they do whatever i want. and he tried not to embarrass rose. i don't think jack had that same code. i think he embarrassed jackie in a way that is inexcusable. gloria swanson, one of the things i found as i went to austin, texas to see that gloria swanson papers. i teach phd students. i
joseph kennedy limited from vancouver refuse to pay the excise tax. people say there's the proof. there's a smoking gun. i looked at the business record the business directories in vancouver and discovered that it's david joseph kennedy who said in vancouver, have been born in vancouver, so no, no bootlegging of any sort. here and the local press. >> as you talk about the relationship between joe kennedy and his son john and to what extent john kennedy knew of his father's relationships...
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Dec 24, 2012
12/12
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CNNW
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tax group that i run, we want to continue the tax -- lower tax rates for all americans. we want to go to the tax reform that's in the paul ryan budget. the house of representatives has already pass ed twice the ryan budget, which reforms taxes for all americans, takes the top rate to 25%, which is what the europeans do for the business community. we want to go there. how do you get there? i'm not sure that defeating plan b strengthens our ability to get there. i think, in fact, that plan b was a good step in the right direction towards protecting and continuing the tax cuts for everybody. >> and do you think that republicans sort of shot themselves in the foot because they defeated this. at the end of the day, the votes might be there for tax increases that from the republican perspective, are even worse than what the speaker offered that they wouldn't let him even bring up for a vote. >> as i read the speaker's proposal, plan b, i thought it moved us in the direction of maintaining all the bush tax cu cuts. look, this is not a fight that begins and ends the first week o
tax group that i run, we want to continue the tax -- lower tax rates for all americans. we want to go to the tax reform that's in the paul ryan budget. the house of representatives has already pass ed twice the ryan budget, which reforms taxes for all americans, takes the top rate to 25%, which is what the europeans do for the business community. we want to go there. how do you get there? i'm not sure that defeating plan b strengthens our ability to get there. i think, in fact, that plan b was...
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Dec 31, 2012
12/12
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KRON
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taxes to stay where they are. others want to see government spending put in check. >> the president has done nothing about the addiction and his administration has in spending. he is the center in chief. >> president obama says i offered over a trillion dollars and additional spending cuts. so we would have to dollars of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pockets. >> secretary of state hillary clinton is in the hospital with a blood clot. doctors say this is a medical problem related to a concussion suffered. the blood clot was found yesterday during a follow-up visit for her concussion. at this is video of new york presbyterian hospital where she is staying right now. 65 you're a clinton severed a concussion several weeks ago after fainting while recovering from a stomach virus. she was supposed to return to work this week. rain in the new year
taxes to stay where they are. others want to see government spending put in check. >> the president has done nothing about the addiction and his administration has in spending. he is the center in chief. >> president obama says i offered over a trillion dollars and additional spending cuts. so we would have to dollars of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing...
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Dec 24, 2012
12/12
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KRON
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it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th. and last week they forecasted holiday spending to decrease another 2-point- 5 percent. previous expectations were for a 3-point-3 percent increase in spending. the saint anthony foundation needs help to reach its goal of collecting 5-hundred hams during the 25th annual curbside donation drive. according to the foundation, they collected a hundred hams. that's just 20-percent of their goal. the foundation hoped to get another 400 hams sunday and today. if you would like to donate a ham you can do so at the drive. located in front of saint anthony's in san francisco's tenderloin area. from 9 a-m this morning until 3 this afternoon. we'll be right back
it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th. and last week they forecasted holiday spending to...
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Jan 1, 2013
01/13
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, he got $3 worth of tax cuts for every $1 in tax hikes. the tax cuts never came. however -- and this is the ratio right now. as juliet mentioned. 4 # 2-1. $42 in new tax hikes to every dollar in spending cuts. a lot of conservatives do not like that. that is not a good deal to them. >> the house has not voted yet. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was e-mailing us the play-by-play. mitch mcconnell called up -- bypassed senator reid who never got back to him on saturday and said can i speak to the vice president, joe biden? we're used to cutting deals tog
, he got $3 worth of tax cuts for every $1 in tax hikes. the tax cuts never came. however -- and this is the ratio right now. as juliet mentioned. 4 # 2-1. $42 in new tax hikes to every dollar in spending cuts. a lot of conservatives do not like that. that is not a good deal to them. >> the house has not voted yet. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks...
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Dec 28, 2012
12/12
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there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or more in assets, obviously much more proactive in anticipating the tax consequences of going over the cliff than those with $1 million or less in assets. simon? >> okay, hampton, busy days. hampton pearson there in washington. straight ahead, a looming port strike that could cost the u.s. economy billions of dollars. the mayor of houston will join us live to tell us how this strike will affect her cities and cities right along the east coast. "squawk on the street" will be right back. off vietna
there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth...